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Message
re: Wells Fargo suspends new HELOC loans
Posted on 12/6/23 at 12:48 am to stout
Posted on 12/6/23 at 12:48 am to stout
quote:
Wells Fargo suspends new HELOC loans
Big banks haven’t been approving them for a couple years, at least not many of them. My wife and I tried to go through BOA a couple years ago for a small HELOC of like $25k. Bath have 800+ credit scores, great income to debt ratio, a ton of equity in our home…denied after 2 months of waiting. Went to a local bank and got approved and closed for $150k in like a week.
This post was edited on 12/6/23 at 12:49 am
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